Tajender of Matu Ram Engineering College and Ravinder of Royal Institute, Chidana, were nabbed by a Special Investigation Team of police.
"Investigations have revealed that the duo while playing role of mediator had taken money from the students on the name of getting their marks enhanced," police said.
Over 2,000 unchecked answer sheets of various professional courses were found abandoned on second floor of administrative block of the university over two weeks ago.
Police said three employees of secrecy branch, who had earlier been arrested in connection with the racket, were being interrogated in police remand.
Both the accused would be produced before the court tomorrow.
